Lake Victoria Gold Provides Update on Nyati Plant Construction and Progress Toward Binding Agreement
Lake Victoria Gold (OTCQB: LVGLF) provided an update on the construction of the Nyati Resources gold processing facility in Tanzania and progress toward a binding agreement. The facility includes an operating 120 tonne-per-day CIP plant and is completing a larger 500+ tpd unit, bringing total capacity to over 600 tpd.
The new plant is in final stages of construction with commissioning expected in 4-6 weeks. Key components including crushing circuits, ball mills, leach circuits, and electrical systems are installed and undergoing final testing. The facility features dual regrind mills and high-capacity leach tanks for maximizing recoveries.
The company is advancing negotiations for a binding agreement with Nyati Resources, which would grant LVG exclusive rights to mill and process ore through the facility.
Lake Victoria Gold (OTCQB: LVGLF) ha fornito un aggiornamento sulla costruzione dell'impianto di lavorazione dell'oro Nyati Resources in Tanzania e sui progressi verso un accordo vincolante. L'impianto comprende un impianto CIP da 120 tonnellate al giorno operativo e sta completando un'unit脿 pi霉 grande da oltre 500 tpd, portando la capacit脿 totale a oltre 600 tpd.
Il nuovo impianto 猫 nelle fasi finali di costruzione con la messa in servizio prevista entro 4-6 settimane. Componenti chiave come circuiti di frantumazione, mulini a sfere, circuiti di lisciviazione e sistemi elettrici sono installati e in fase di test finale. L'impianto dispone di due mulini di rigrind e vasche di lisciviazione ad alta capacit脿 per massimizzare il recupero.
L'azienda sta avanzando nelle trattative per un accordo vincolante con Nyati Resources, che concederebbe a LVG diritti esclusivi di macinazione e lavorazione del minerale attraverso l'impianto.
Lake Victoria Gold (OTCQB: LVGLF) proporcion贸 una actualizaci贸n sobre la construcci贸n de la planta de procesamiento de oro Nyati Resources en Tanzania y el progreso hacia un acuerdo vinculante. La planta incluye una planta CIP operativa de 120 toneladas por d铆a y est谩 completando una unidad m谩s grande de m谩s de 500 tpd, llevando la capacidad total a m谩s de 600 tpd.
La nueva planta est谩 en las etapas finales de construcci贸n, con la puesta en marcha prevista en 4-6 semanas. Componentes clave, como circuitos de trituraci贸n, molinos de bolas, circuitos de lixiviaci贸n y sistemas el茅ctricos, est谩n instalados y en pruebas finales. La planta cuenta con molinos de re-molienda duales y tanques de lixiviaci贸n de alta capacidad para maximizar las recuperaciones.
La compa帽铆a est谩 avanzando en negociaciones para un acuerdo vinculante con Nyati Resources, que otorgar铆a a LVG derechos exclusivos para moler y procesar mineral a trav茅s de la planta.
Lake Victoria Gold (OTCQB: LVGLF)電� 韮勳瀽雼堨晞鞐� 鞙勳箻頃� Nyati Resources 旮� 臧�瓿� 鞁滌劋 瓯挫劋 順勴櫓瓿� 甑啀霠� 鞛堧姅 瓿勳暯 歆勴枆 靸來櫓鞐� 雽�頃� 鞐呺嵃鞚错姼毳� 鞝滉车頄堨姷雼堧嫟. 鞚� 鞁滌劋鞐愲姅 鞚检澕 120韱� CIP 頂岆灉韸�臧� 鞖挫榿 欷戩澊氅�, 500韱� 鞚挫儊 攴滊鞚� 雽�順� 鞙犽嫑鞚� 鞕勳劚 雼硠鞐� 鞛堨柎 齑� 觳橂Μ 鞖╇焿鞚� 600韱� 鞚挫儊鞐� 雼暕雼堧嫟.
靸� 頂岆灉韸鸽姅 瓯挫劋 斓滌 雼硠鞐� 鞛堨溂氅�, 4词6欤� 雮� 鞁滌毚鞝勳澊 鞓堨爼霅橃柎 鞛堨姷雼堧嫟. 欤检殧 甑劚 鞖旍唽鞚� 韺岇噭 須岆, 氤� 氚�, 旃稖 須岆 氚� 鞝勱赴 鞁滌姢韰滌澊 靹れ箻霅橃柎 斓滌 韰岇姢韸鸽ゼ 歆勴枆 欷戩瀰雼堧嫟. 鞚� 鞁滌劋鞚� 須岇灛攵勳噭旮� 霊� 雽�鞕� 瓿犾毄霟� 旃稖 韮表伂毳� 臧栰稊鞏� 須岇垬鞙� 攴闺寑頇旊ゼ 氇╉憸搿� 頃╇媹雼�.
須岇偓電� Nyati Resources鞕� 甑啀霠� 鞛堧姅 瓿勳暯 順戩儊鞚� 歆勴枆 欷戩澊氅�, 鞚� 瓿勳暯鞚� LVG鞐� 鞁滌劋鞚� 韱淀暅 甏戩劃 鞝滊秳 氚� 臧�瓿� 霃呾爯 甓岉暅鞚� 攵�鞐暊 瓴冹瀰雼堧嫟.
Lake Victoria Gold (OTCQB : LVGLF) a fourni une mise 脿 jour sur la construction de l'usine de traitement de l'or Nyati Resources en Tanzanie et les progr猫s vers un accord contraignant. L'installation comprend une usine CIP op茅rationnelle de 120 tonnes par jour et finalise une unit茅 plus grande de plus de 500 t/j, portant la capacit茅 totale 脿 plus de 600 t/j.
La nouvelle usine est en phase finale de construction avec une mise en service pr茅vue dans 4 脿 6 semaines. Les composants cl茅s, notamment les circuits de concassage, les broyeurs 脿 boulets, les circuits de lixiviation et les syst猫mes 茅lectriques, sont install茅s et en phase de tests finaux. L'installation dispose de deux broyeurs de re-broyage et de cuves de lixiviation 脿 haute capacit茅 pour maximiser les r茅cup茅rations.
La soci茅t茅 progresse dans les n茅gociations pour un accord contraignant avec Nyati Resources, qui accorderait 脿 LVG des droits exclusifs pour broyer et traiter le minerai via l'installation.
Lake Victoria Gold (OTCQB: LVGLF) gab ein Update zum Bau der Nyati Resources Goldverarbeitungsanlage in Tansania und zum Fortschritt auf dem Weg zu einer verbindlichen Vereinbarung. Die Anlage umfasst eine betriebsbereite 120 Tonnen pro Tag CIP-Anlage und befindet sich im Abschluss eines gr枚脽eren 眉ber 500 tpd Blocks, was die Gesamtkapazit盲t auf 眉ber 600 tpd 别谤丑枚丑迟.
Die neue Anlage befindet sich in der Endphase des Baus, die Inbetriebnahme wird in 4-6 Wochen erwartet. Wichtige Komponenten wie Brechkreisl盲ufe, Kugelm眉hlen, Auslaugungskreisl盲ufe und elektrische Systeme sind installiert und werden final getestet. Die Anlage verf眉gt 眉ber zwei Nachmahlm眉hlen und hochkapazitive Auslaugungstanks zur Maximierung der R眉ckgewinnung.
Das Unternehmen f眉hrt Verhandlungen 眉ber eine verbindliche Vereinbarung mit Nyati Resources, die LVG exklusive Rechte zur Mahlung und Verarbeitung von Erz durch die Anlage einr盲umen w眉rde.
- Strategic partnership provides access to processing facility without capital expenditure burden
- Facility is near-complete with commissioning in 4-6 weeks
- Total processing capacity will exceed 600 tonnes per day
- Existing infrastructure includes grid power, lab, and tailings facility
- Exclusive rights for processing through binding agreement in advanced negotiations
- No mineral resource estimate or economic analysis completed yet
- Significant technical and economic uncertainties remain unresolved
- Final binding agreement terms not yet established
- Project remains at preliminary stage without feasibility study
Vancouver, British Columbia--(Newsfile Corp. - July 18, 2025) - Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) ("LVG" or the "Company") is pleased to provide an update on the construction progress of the gold processing facility owned by Nyati Resources (T) Limited ("Nyati") in Tanzania, and on the advancement of negotiations toward a binding agreement.
David Scott, Managing Director Tanzania & Director of LVG, commented following a recent site visit: "It was impressive to see the scale and quality of construction firsthand. The Nyati team has delivered a well-engineered plant with strong attention to detail across all critical circuits. With commissioning just weeks away, the site is clearly in the final stages of readiness. This facility will play a key role in enabling our development strategy at Tembo and beyond."
Background on the Nyati Processing Facility
Nyati Resources operates a fully permitted gold processing facility located on one of Tembo's Mining Licenses. The site includes an operating 120 tonne-per-day carbon-in-pulp (CIP) plant and is nearing completion of a second, much larger 500+ tpd unit. Once fully commissioned, total capacity is expected to exceed 600 tpd. The project benefits from existing infrastructure, including grid power, standby generation, a constructed tailings facility, on-site lab, and administrative support. The new plant is designed for scalable toll milling and third-party ore purchases, with features such as dual regrind mills and high-capacity leach tanks aimed at maximizing recoveries and operational flexibility.
Construction Progress Nearing Commissioning
Construction at the Nyati plant is advancing steadily toward commissioning, which is expected to begin within 4-6 weeks. Final site preparations and equipment testing are currently underway.
- The run-of-mine (ROM) pad is being filled with low grade base material awaiting delivery of mineralized material to be used for commissioning.
- The primary crushing circuit — including feed bins, gyratory grizzly, jaw crushers, and conveyors — has been fully installed.
- The secondary crushers, feed bins, chutes, and double-deck screen systems are nearing completion.
- Mill feed bins and belt weightometers are installed and connected to twin primary ball mills.
- Regrind mills, hydrocyclone cluster, and the full leach circuit — including carbon handling, cyanide dosing, pumps, and agitators — are in place.
- Grid electrical supply is operational; standby generation has been installed to ensure continuity during outages.
- All motors, pumps, and instrumentation are undergoing final dry testing.
For recent images of Nyati Processing facility, please click on following link:
Advancing Toward a Binding Agreement
Lake Victoria Gold and Nyati Resources are in advanced stages of negotiating a binding agreement that will formalize the strategic partnership initially outlined in the executed Letter of Intent, as announced on . The proposed agreement is expected to provide LVG with exclusive rights to mill and process ore through the Nyati facility, support the development of its nearby mining licenses, and outline capital contributions and revenue sharing provisions.
Marc Cernovitch, President & CEO of Lake Victoria Gold, stated: "The progress at Nyati represents a key milestone in our broader strategy to unlock the value of our Tanzanian assets through smart, capital-efficient development. Partnering with a facility that's near commissioning allows us to accelerate production timelines while maintaining focus on exploration and growth. As we move toward a definitive agreement, we're laying the groundwork for a scalable platform that can support both near-term cash flow and long-term shareholder value."
Cautionary Statement Regarding Preliminary Development Concepts
The Company cautions that the assessment of potential development opportunities at the Tembo Project is at a preliminary stage and is not based on a mineral resource estimate or any economic analysis such as a Feasibility Study. As such, there are significant technical and economic uncertainties that remain unresolved, including but not limited to metallurgical recoveries, grade continuity, mineability, permitting, processing capacity, capital and operating costs, and the availability of financing. Any reference to potential development scenarios is conceptual in nature and should not be construed as an indication that an economic or technical case has been established for mining at the Tembo Project.
Grant of RSUs
The Company also announces that it has granted an aggregate of six million five hundred thousand restricted share units ("RSUs") to certain directors, officers, and consultants pursuant to its Omnibus Equity Incentive Plan. The RSUs will vest in accordance with the terms of the plan and applicable award agreements, and are subject to the approval of the TSX Venture Exchange, as required.
The scientific and technical content of this news release has been reviewed and approved by David Scott, Pr. Sci. Nat., a Qualified Person as defined by National Instrument 43-101. Mr. Scott is a Director and Officer of the Company.
About Lake Victoria Gold (LVG):
Lake Victoria Gold is a rapidly growing gold exploration and development company listed on the TSX Venture Exchange under the symbol LVG. Leveraging our unique position and experience, the Company is principally focused on growth and consolidation in the highly prolific and prospective Lake Victoria Goldfield in Tanzania.
The Company has a
LVG has assembled a highly experienced team with a track record of developing, financing, and operating mining projects in Africa with management, directors and partners owning more than
On Behalf of the Board of Directors of the Company,
Simon Benstead
Executive Chairman & CFO
Phone: +1 604-685-9316
Email: [email protected]
For more information, please contact:
Simon Benstead
Executive Chairman & CFO
Phone:+ 1 604-685-9316
Email: [email protected]
Marc Cernovitch
CEO & Director
Phone: +1 604-685-9316
Email: [email protected]
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation, including: the completion of transaction and obtaining regulatory approval for the transaction. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made.
Forward-looking statements necessarily involve assumptions, risks and uncertainties, certain of which are beyond LVG's control, including risks associated with or related to: receipt of all regulatory approvals; the state of financing availability; the volatility of metal prices and LVG's common shares; actual exploration or development plans and costs differing materially from the Company's estimates; and other risks disclosed in the Company's public filings.
LVG's forward-looking statements are based on the opinions and estimates of management and reflect their current expectations regarding future events and operating performance and speak only as of the date hereof. LVG does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. There can be no assurance that forward-looking statements will prove to be accurate, and actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, no assurance can be given that any events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits or liabilities LVG will derive therefrom. For the reasons set forth above, undue reliance should not be placed on forward-looking statements.
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